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{\*\bkmkstart filing_1}{\*\bkmkend filing_1}{\*\bkmkstart doc_1_1}{\*\bkmkend doc_1_1}
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\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql As filed with the Securities and Exchange Commission on May 4, 1998
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration No. 333-
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ================================================================================
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECURITIES AND EXCHANGE COMMISSION
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql WASHINGTON, D.C. 20549
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FORM S-8
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql REGISTRATION STATEMENT
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql UNDER
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql THE SECURITIES ACT OF 1933
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql G-III APPAREL GROUP, LTD.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Exact name of registrant as specified in its charter)
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DELAWARE 41-1590959
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (State or other juris- (I.R.S. Employer
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql diction of incorporation Identification
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or organization) Number)
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 345 WEST 37TH STREET
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NEW YORK, NEW YORK 10018
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (212) 629-8830
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Address, including zip code, and telephone number, including area code,
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of registrant's principal executive offices)
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql G-III APPAREL GROUP, LTD.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 STOCK OPTION PLAN
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (full title of the plan)
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql MORRIS GOLDFARB
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CHIEF EXECUTIVE OFFICER
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql G-III APPAREL GROUP, LTD.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 345 WEST 37TH STREET
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NEW YORK, NEW YORK 10018
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (212) 629-8830
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Name, address, including zip code, and telephone number, including area
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql code, of agent for service)
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Copies of all communications, including all communications sent to the agent
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for service, should be sent to:
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NEIL GOLD, ESQ.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FULBRIGHT & JAWORSKI L.L.P.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 666 FIFTH AVENUE
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NEW YORK, NEW YORK 10103
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (212) 318-3000
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CALCULATION OF REGISTRATION FEE
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql - ------------------------------------------------------------------------------------------------------------------------------------
\par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Proposed maximum Proposed maximum Amount of
\par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Title of Securities to be Amount to be offering price per aggregate offering registration fee
\par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql registered registered (1) share(2) price (2)
\par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql - ------------------------------------------------------------------------------------------------------------------------------------
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Common Stock $.01 par
\par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql value per share........... 500,000 shares $5.50 $2,750,000 $812
\par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ====================================================================================================================================
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) AN ADDITIONAL INDETERMINABLE NUMBER OF SHARES ARE ALSO BEING REGISTERED TO
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql COVER ANY ADJUSTMENTS REQUIRED BY ANTI-DILUTION PROVISIONS IN THE NUMBER OF
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SHARES ISSUABLE UPON THE EXERCISE OF OPTIONS GRANTED UNDER THE G-III
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql APPAREL GROUP, LTD. 1997 STOCK OPTION PLAN.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) THE PRICE IS ESTIMATED IN ACCORDANCE WITH RULE 457(h)(1) UNDER THE
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECURITIES ACT OF 1933, AS AMENDED, SOLELY FOR THE PURPOSE OF CALCULATING
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql THE REGISTRATION FEE, BASED ON THE AVERAGE OF THE HIGH AND LOW PRICES OF
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql THE COMMON STOCK AS REPORTED ON THE NASDAQ NATIONAL MARKET
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ON APRIL 28, 1998.
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\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PART I
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The document(s) containing the information specified in Part I
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Form S-8 will be sent or given to participating employees as specified in
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Rule 428(b)(1) of the Securities Act of 1933, as amended (the "Act") and are not
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql being filed with or included in this Form S-8 in accordance with the rules and
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql regulations of this Securities Exchange Commission.
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -2-
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\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PART II
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The following documents heretofore filed by G-III Apparel
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Group, Ltd. ("Registrant") with the Securities and Exchange Commission (the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Commission") are incorporated herein by reference:
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) The Company's Annual Report on Form 10-K for the fiscal
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql year ended January 31, 1998.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) The description of the Company's Common Stock contained in
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company's Prospectus dated December 14, 1989, forming a part of
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company's Registration Statement on Form S-1 (File No. 33-31906)
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql filed with the Commission pursuant to Rule 424(b) on December 13,
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1989.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In addition to the foregoing, all documents filed by Registrant
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities and Exchange
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Act of 1934 (the "Exchange Act") subsequent to the date of this filing and prior
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the filing of a post-effective amendment which indicates that all securities
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offered have been sold or which deregisters all securities then remaining
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unsold, shall be deemed to be incorporated herein by reference and to be a part
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof from the date of filing of such documents. Any statement contained in a
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql document incorporated or deemed to be incorporated by reference herein shall be
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed to be modified or superseded for purposes hereof to the extent that a
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statement contained in any other subsequently filed document which also is or is
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed to be incorporated by reference herein modifies or supersedes such
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statement. Any statement so modified or superseded shall not be deemed, except
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as so modified or superseded, to constitute part of this registration statement.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ITEM 4. DESCRIPTION OF SECURITIES
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Not Applicable.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Not Applicable.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The General Corporation Law of the State of Delaware (the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "GCL") authorizes Delaware corporations to eliminate or limit the personal
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql liability of a director to the corporation or a stockholder for monetary damages
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for breach of certain
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -3-
\par\pard\plain\fs16
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\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fiduciary duties as a director, other than his duty of loyalty to the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql corporation and its stockholders, or for acts or omissions not in good faith or
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql involving intentional misconduct or knowing violation of law, and the unlawful
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purchase or redemption of stock or payment of unlawful dividends or the receipt
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of improper benefits. The ByLaws of the Company at Article VI provide for the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql indemnification of the officers and directors of the Company to the fullest
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql extent permitted under the GCL. In addition, the Company has executed agreements
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the officers and directors of the Company that require the Company to
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql indemnify such individuals for liabilities incurred by them because of an act,
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql omission, neglect or breach of duty committed while acting in the capacity of an
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql officer or director. Insofar as indemnification for liabilities arising under
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the the Act may be permitted to directors, officers and controlling persons of
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company pursuant to the foregoing provisions, the Company has been advised
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that in the opinion of the Commission such indemnification is against public
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql policy as expressed in the Act and is therefor unenforceable.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Not Applicable.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ITEM 8. EXHIBITS
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EXHIBIT NO.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -----------
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.1 G-III Apparel Group Ltd. 1997 Stock Option Plan*
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 5 Opinion of Fulbright & Jaworski L.L.P.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 23.1 Consent of Grant Thornton
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 24 Power of Attorney (See Signature Page)
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------------------------
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql * Previously filed as an exhibit to the Company's Quarterly Report on
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Form 10-Q for the fiscal quarter ended July 31, 1997, which exhibit is
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incorporated herein by reference.
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ITEM 9. UNDERTAKINGS
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) The undersigned Registrant hereby undertakes:
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -4-
\par\pard\plain\fs16
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\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) To file, during any period in which offers or
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sales are being made of the securities registered hereby, a
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql post-effective amendment to this registration statement:
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (i) To include any prospectus required by Section
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 10(a)(3) of the Act;
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (ii) To reflect in the prospectus any facts or
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql events arising after the effective date of the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registration statement (or the most recent
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql post-effective amendment thereof) which, individually
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or in the aggregate, represent a fundamental change in
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the information set forth herein. Notwithstanding the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql foregoing, any increase or decrease in volume of
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities offered (if the total dollar value of
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities offered would not exceed that which was
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registered) and any deviation from the low or high end
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the estimated maximum offering range may be
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reflected in the form of prospectus filed with the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Commission pursuant to Rule 424(b) if, in the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql aggregate, the changes in volume and price represent
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql no more than 20 percent change in the maximum
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql aggregate offering price set forth in the "Calculation
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Registration Fee" table in the effective
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registration statement;
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (iii) To include any material information with
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to the plan of distribution not previously
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql disclosed herein or any material change to such
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql information in this registration statement;
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided, however, that the undertakings set forth in
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql paragraphs (i) and (ii) above do not apply if the registration
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statement is on Form S-3 or Form S-8, and the information
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required to be included in a post-effective amendment by those
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql paragraphs is contained in periodic reports filed by the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registrant pursuant to Section 13 or 15(d) of the Securities
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exchange Act of 1934 that are incorporated by reference in the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registration statement;
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) That for the purpose of determining any liability
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql under the Act, each such post-effective amendment shall be
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed to be a new registration statement relating to the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities offered therein, and the offering of such securities
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at that time shall be deemed to be the initial bona fide
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offering thereof; and
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) To remove from registration by means of a
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql post-effective amendment any of the securities being registered
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which remain unsold at the termination of the offering.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) The undersigned Registrant hereby undertakes that, for
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purposes of determining any liability under the Act, each filing of
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Registrant's annual report
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -5-
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql applicable, each filing of an employee benefit plan's annual report pursuant to
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 15(d) of the Exchange Act) that is incorporated by reference in this
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement shall be deemed to be a new registration statement
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql relating to the securities offered therein, and the offering of such securities
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at that time shall be deemed to be the initial bona fide offering thereof.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) Insofar as indemnification for liabilities arising under
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Act may be permitted to directors, officers and controlling persons of the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql has been advised that in the opinion of the Commission such indemnification is
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql against public policy as expressed in the Act, and is, therefore, unenforceable.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In the event that a claim for indemnification against such liabilities (other
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than the payment by the Registrant of expenses incurred or paid by a director,
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql officer or controlling person of the Registrant in the successful defense of any
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql action, suit or proceeding) is asserted against the Registrant by such director,
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql officer or controlling person in connection with the securities being
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registered, the Registrant will, unless in the opinion of its counsel the matter
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql has been settled by controlling precedent, submit to a court of appropriate
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql jurisdiction the question whether such indemnification by it is against public
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql policy as expressed in the Act and will be governed by the final adjudication of
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such issue.
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -6-
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SIGNATURES
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pursuant to the requirements of the Act, the Registrant
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certifies that it has reasonable grounds to believe that it meets all of the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requirements for filing on Form S-8 and has duly caused this Registration
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statement to be signed on its behalf by the undersigned, thereunto duly
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authorized, in the City of New York, New York on the 30th day of April, 1998.
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql G-III APPAREL GROUP, LTD.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By: /s/ Morris Goldfarb
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Morris Goldfarb
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chief Executive Officer
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql POWER OF ATTORNEY
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql KNOW ALL MEN BY THESE PRESENTS, that each individual whose
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql signature appears below constitutes and appoints Morris Goldfarb and Alan Feller
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and each of them, his true and lawful attorney-in-fact and agent with full power
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of substitution and resubstitution, for him and in his name, place and stead, in
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any and all capacities, to sign any and all amendments (including post-effective
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amendments) to this registration statement, and to file the same with all
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exhibits thereto, and all documents in connection therewith, with the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Commission, granting said attorney-in-fact and agent, and each of them, full
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql power and authority to do and perform each and every act and thing requisite and
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql necessary to be done in and about the premises, as fully to all intents and
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purposes as he might or could do in person, hereby ratifying and confirming all
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that said attorney-in-fact and agent or either of them, or their or his
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pursuant to the requirements of the Act, this Registration
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statement has been signed by the following persons in the capacities and on the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql date(s) indicated.
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -7-
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ Morris Goldfarb
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________ Co-Chairman of the April 30, 1998
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Morris Goldfarb) Board and Chief
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Executive Officer
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Principal Executive
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Officer) and Director
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ Alan Feller
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________ Executive Vice President, April 30, 1998
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Alan Feller) Treasurer and Secretary
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Principal Financial
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and Accounting
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Officer) and Director
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ Aron Goldfarb
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________ Director and April 30, 1998
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Aron Goldfarb) Co-Chairman of the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Board of Directors
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ Lyle Berman
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________ Director April 30, 1998
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Lyle Berman)
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ Sigmund Weiss
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________ Director April 30, 1998
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Sigmund Weiss)
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ Thomas J. Brosig
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________ Director April 30, 1998
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Thomas J. Brosig)
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________ Director April , 1998
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Willem von Bokhorst)
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ George J. Winchell
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________ Director April 30, 1998
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (George J. Winchell)
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ Carl Katz
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________ Director April 30, 1998
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Carl Katz)
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -8-
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INDEX TO EXHIBITS
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EXHIBIT NO.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.1 G-III Apparel Group Ltd. 1997 Stock Option Plan*
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 5 Opinion of Fulbright & Jaworski L.L.P.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 23.1 Consent of Grant Thornton
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 24 Power of Attorney (See Signature Page)
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------------------------
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql * Previously filed as an exhibit to the Company's Quarterly Report on
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Form 10-Q for the fiscal quarter ended July 31, 1997, which exhibit is
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incorporated herein by reference.
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -9-
\par\pard\plain\fs16
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\par\pard\plain\fs16
\page{\*\bkmkstart doc_1_2}{\*\bkmkend doc_1_2}
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exhibit 5
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FULBRIGHT & JAWORSKI
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql L. L. P.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TELEPHONE: 212/318-3000 A Registered Limited Liability Partnership HOUSTON
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FACSIMILE: 212/752-5958 666 FIFTH AVENUE WASHINGTON, D.C.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql WRITER'S INTERNET ADDRESS: NEW YORK, NEW YORK 10103-3198 AUSTIN
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql @FULBRIGHT.COM SAN ANTONIO
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql WRITER'S DIRECT DIAL NUMBER: DALLAS
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NEW YORK
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql LOS ANGELES
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql LONDON
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql HONG KONG
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql April 30, 1998
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql G-III Apparel Group, Ltd.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 345 West 37th Street
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql New York, New York 10018
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Gentlemen:
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql We refer to the Registration Statement on Form S-8 (the "Registration
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statement") to be filed by G-III Apparel Group, Ltd. (the "Company") with the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities and Exchange Commission under the Securities Act of 1933, as amended
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (the "Act"), relating to 500,000 shares of Common Stock of the Company, par
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql value, $.01 per share (collectively, the "Shares") which may be issued under the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's 1997 Stock Option Plan (the "1997 Plan").
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql As counsel for the Company, we have examined such corporate records,
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql documents and such questions of law as we have considered necessary or
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appropriate for the purposes of this opinion and, upon the basis of such
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql examination, advise you that in our opinion, all necessary corporate proceedings
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Company have been duly taken to authorize the issuance of the Shares
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to the 1997 Plan, and that the Shares being registered pursuant to the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement, when issued and paid for under the terms of the 1997
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Plan, will be duly authorized, legally issued, fully paid and non-assessable.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql We hereby consent to the filing of this opinion as an exhibit to the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement. This consent is not to be construed as an admission that
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql we are a person whose consent is required to be filed with the Registration
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statement under the provisions of the Act.
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sincerely yours,
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FULBRIGHT & JAWORSKI L.L.P
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\page{\*\bkmkstart doc_1_3}{\*\bkmkend doc_1_3}
\par\pard\plain\fs16
\page
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exhibit 23.1
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql We have issued our report dated April 13, 1998 accompanying the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consolidated financial statements and schedule of G-III Apparel Group, Ltd.
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and Subsidiaries, included in the Annual Report on Form 10-K for the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql year ended January 31, 1998, which is incorporated by reference in this
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement. We consent to the incorporation by reference in the
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement of the aforementioned report.
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql New York, New York
\par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql April 30, 1998
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16
\par\pard\plain\fs16}